Honeywell International Inc. $HON Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 15.4% during the second quarter, HoldingsChannel reports. The firm owned 171,952 shares of the conglomerate’s stock after selling 31,216 shares during the quarter. Teacher Retirement System of Texas’ holdings in Honeywell International were worth $40,044,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Red Door Wealth Management LLC increased its stake in shares of Honeywell International by 2.6% in the first quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate’s stock worth $6,160,000 after acquiring an additional 736 shares during the period. Amundi increased its stake in shares of Honeywell International by 30.2% in the first quarter. Amundi now owns 519,882 shares of the conglomerate’s stock worth $107,450,000 after acquiring an additional 120,706 shares during the period. Triton Financial Group Inc acquired a new stake in shares of Honeywell International in the second quarter worth $1,001,000. Spinnaker Trust increased its stake in shares of Honeywell International by 2.4% in the first quarter. Spinnaker Trust now owns 11,598 shares of the conglomerate’s stock worth $2,456,000 after acquiring an additional 276 shares during the period. Finally, Baxter Bros Inc. increased its stake in shares of Honeywell International by 14.6% in the second quarter. Baxter Bros Inc. now owns 35,733 shares of the conglomerate’s stock worth $8,321,000 after acquiring an additional 4,543 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insider Activity

In other news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total value of $9,339,375.42. Following the sale, the chief executive officer owned 10,334 shares in the company, valued at $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.41% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Citigroup increased their price objective on shares of Honeywell International from $265.00 to $267.00 and gave the stock a “buy” rating in a research note on Friday. JPMorgan Chase & Co. boosted their target price on shares of Honeywell International from $212.00 to $218.00 and gave the company a “neutral” rating in a research note on Friday. TD Cowen dropped their price target on shares of Honeywell International from $260.00 to $250.00 in a research report on Tuesday, October 7th. Robert W. Baird dropped their price target on shares of Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Honeywell International from $271.00 to $265.00 and set a “buy” rating on the stock in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $250.88.

Honeywell International Stock Down 0.5%

Shares of NASDAQ HON opened at $215.07 on Tuesday. The company’s 50-day simple moving average is $212.01 and its 200-day simple moving average is $217.90. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The firm has a market cap of $136.55 billion, a price-to-earnings ratio of 22.66, a price-to-earnings-growth ratio of 2.64 and a beta of 1.06. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70.

Honeywell International (NASDAQ:HON) last announced its earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. The business had revenue of $8.95 billion for the quarter. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. Equities analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be given a $1.19 dividend. This represents a $4.76 annualized dividend and a dividend yield of 2.2%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date is Friday, November 14th. Honeywell International’s dividend payout ratio (DPR) is 47.63%.

Honeywell International Profile

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company’s Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.